Greenstone Assisted Living

Analysis

Greenstone Assisted Living is a registered charity in United States, based in Gilroy, CA. It received its IRS tax-exemption ruling in May 2021, 5 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Greenstone Assisted Living reported income of $83k and spending of $62k, leaving 26% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $130k to $83k (-36%), an average of -36% a year. The sharpest change came in the year to December 2023, when income dropped by 36%. Over the whole period it spent 53% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Greenstone Assisted Living sits at the 19th percentile: it is larger than about 18% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 34th percentile within CA. Charities of a similar size with the same main cause include Community Alliance Housing Corporation VII ($83k), Give Someone a Chance ($83k) and Stoner Avenue Bridge House Inc ($83k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 60% and program service revenue 39% of the total. At year end it held assets of $135k against liabilities of $6,311, net assets of $129k.